Euronav Acquires Suezmax Pair With Joint Venture

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) has entered into a joint venture together with affiliates of Ridgebury Tankers and clients of Tufton Oceanic, says a press release published on their website. 

Each 50%- 50% joint venture company has acquired one Suezmax vessel. Euronav will also provide financing for the joint ventures on commercially attractive terms. 

The joint ventures have acquired the two Suezmax tankers for a total...

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